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Oil slumps on easing storm worry and dollar
NEW YORK (Reuters) - Oil tumbled more than $5 on Tuesday, pushing losses so far this week to about $10, as forecasters said an Atlantic hurricane would steer clear of offshore oil platforms and the greenback gained against other currencies.
Nations:Mexico South Korea People:Ben Bernanke Activities:2007-8 Oil Crisis Source:(Reuters)
2008-07-08
Stocks rise on banks and lower oil
NEW YORK (Reuters) - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.
People:Henry Paulson Ben Bernanke Activities:U.S. Markets
2008-07-08
Oil drops sharply as supply worries subside
NEW YORK - Oil prices tumbled nearly $4 a barrel Monday, erasing many of last week's record gains in a single session as concerns about potential supply disruptions eased.
Nations:Mexico Activities:2007-8 Oil Crisis Source:(AP)
2008-07-07
Talk of $200 oil casts shadow over G8 summit
TOYAKO, Japan (Reuters) - Italy on Monday proposed increasing margin requirements on futures markets to deter speculative buying of oil, which Prime Minister Silvio Berlusconi said could reach $200 a barrel.
Nations:Italy Mexico Japan Canada Algeria Nigeria People:Silvio Berlusconi Angela Merkel Activities:2007-8 Oil Crisis Source:(Reuters)
2008-07-07
World's top leaders tackle oil and food prices, Africa aid
TOYAKO, Japan (AFP) - Leaders of the world's richest nations Monday opened a summit aimed at battling skyrocketing oil and food prices, as pressure mounted on them to live up to their pledges to help Africa.
Nations:Zimbabwe Japan Italy France Canada Algeria People:Ban Ki-moon George W. Bush Activities:Global Food Crisis 2007-8 Oil Crisis Source:(AFP)
2008-07-07
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